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Find the present value of 20 annual payments of $4,500 per annum where the first...

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Find the present value of 20 annual payments of $4,500 per annum where the first payment is made 8 years from now. So there are 20 annual payments from t=8 to t=27 inclusive. The discount rate is 13% pa. The present value of these payments is: Select one: a. $1,276.8834 O b. $1,746.7781 O c. $13,436.7552 O d. $14,233.3263 O e. $31,611.383

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